Economy fears deepen as 1975 closes amid deficits and inflation
The piece surveys the US economy at year end 1975 warning deficits and money growth threaten recovery. It cites federal spending, transfer payments, and borrowing as inflation drivers while offering a cautious forecast of inflation cooling, jobs rising, and possible 1977 78 cycles. It also highlights energy, housing costs, and population growth shaping future prospects.
MENTIONED IN THIS ARTICLE
Congress
Federal Reserve Board
Treasury
New Year Reflections and School Policy Rise in Virginia
Rev. Carter Alsberry calls for unity and shared burdens in a New Year address at Mt. Vernon Baptist Church. The city notes include remarks on peace and America, with a separate report from Richmond about Chesterfield County schools adopting a stricter absentee policy, risking course failure after 12 absences per semester.
New Year Reflections and Local Happenings
The Star Files looks back ten years to 1965 with notes on a riot squad presence for high school students and hopes for progress in the New Year. Duff’s Restaurant cleans its Fountain and a $70 treasure is found. Winchester Rescue Squad receives a check. The Frederick County School Board pays $90,000 for Kline Elementary which opened in 1961. The Winchester post office ships 33 840 letters and many parcels as cancellations lead last year. Barbara Stanwyck and Robert Taylor announce plans to divorce after 11 years of marriage.
MENTIONED IN THIS ARTICLE
Yesteryear
Duff's
Winchester
Frederick County School Board
Kline
Barbara Stanwyck
Robert Taylor
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